Freehold
This effectively means the outright ownership of a piece of land. You will
enjoy an unchallenged right to occupation of the property free from any specific
responsibility to anyone else. This arrangement is fine for most property, but
can cause complications for flats. As mentioned above,
freehold flats do exist, and there may be more in the future. Don’t turn
a freehold flat down out of hand, but do check the legal position with your solicitor
as soon as you can.
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